Norcom Mortgage announces the grand opening of their Trumbull, Conn. branch. David Garofalo will be Norcom Mortgage's branch manager at its newest Connecticut location. CEO, Phil DeFronzo said, “We are thrilled to have David join the Norcom family. He has been a heavy hitter in the mortgage industry for a while now and is a respected originator here in Connecticut. His level of service encompasses what our company is all about and we look forward to a long relationship.”
Garofalo has been a loan originator for over 12 years after getting into the business directly after college. He has been ranked as a top producer in Connecticut, consistently receiving the “Diamond” level producer award, which is the highest award given by one of the largest lenders in the country. “I look forward to bringing my experience to a company that matches my level of performance standards and aim to enhance fast turn-times and service for my customers,” offered Garofalo in a statement.
CHLA calls for changes to condo financing, manufactured housing loans, and down payment assistance to revive the first-time homebuyer market
Last April, the Community Home Lenders of America (CHLA) released its Gen Z Homeownership White Paper. The paper painted a somewhat alarming picture of the unprecedented challenges families and individuals in their 20s and 30s face in achieving the American dream of homeowne...
The 18-month agreement takes effect Dec. 3 and covers identity verification for borrowers and non-borrowing spouses, including responses when identifying information fails to match federal records
The Federal Housing Administration is preparing to implement a new data-sharing agreement with the Social Security Administration on Dec. 3, allowing HUD to verify identifying information for borrowers applying for FHA-insured mortgages.The agreement, detailed in a Nov. 3 Fe...